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Bitcoin Analysis
Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?
Bitcoin (BTC) futures open interest has recovered to May levels, raising optimism about a potent bullish breakout move above $50,000.The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Monday,…
Bollinger Bands creator warns Bitcoin bulls as BTC price struggles below $50K
Bitcoin (BTC) prices have recovered by more than 60% to $47,486 after bottoming out below $30,000 on July 20, triggering anticipations of an extended bull market toward $100,000. But to John Bollinger, a celebrated contributor to the field…
Bitcoin rejects $51K after Michael Saylor reveals new BTC purchase — What’s next?
Bitcoin (BTC) is currently facing a crucial resistance to break through after a massive rally of 70% since the recent low in July at $28,000. This resistance is found in the psychological area between $50,000 and $51,000 and can be…
Bitcoin set to replace gold, says Bloomberg strategist on Bretton Woods 50th anniversary
Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Aug. 16.The senior commodity market strategist credited the "digitization of money and finance"…
Analysts say $46,500 is the key level for Bitcoin to flip to support
The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin's (BTC) short-term price action.Data from…
Analysts say Bitcoin price “needed a breather” before chasing new highs
The high-flying optimism generated earlier this week when Bitcoin and altcoin prices rose was tempered on Aug. 12 as BTC dropped below $43,000. This led some analysts to warn that the price action seen over the past week was nothing more…
Bitcoin ‘sell the rally’ indicator flashes again as BTC price breaks below $45K
A Bitcoin (BTC) on-chain indicator that spotted dead cat bounces during the yesteryear bearish market corrections has flashed again in August 2021.Dubbed as "Bitcoin: Short Term Holder NUPL," the indicator takes into account the unspent…
Large hodlers accumulate Bitcoin below $50K as BTC transactions over $1M soar
Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, so shows data provided by Glassnode.The blockchain analytics platform reported Monday that the dominance of Bitcoin…
Bitcoin could be on the verge of a big breakout at $42K, hodler activity suggests
On-chain analyst Willy Woo asserted that Bitcoin (BTC) would break above the $42,000-resistance level in its coming attempts. The researcher based his bullish analogy on the so-called Rick Astley indicator, a heat-map that tracks…
